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Knowledge and Innovative Development of the Economy


  • Rossitsa Chobanova


The article discusses the problem of forming a national concept on innovative economic development in the conditions of fast changes of the used technologies and global financial, economic and social crisis. Creation, assimilation and use of new knowledge is considered the core of this concept. In this connection the article specifies the main achievements in the understanding of the role of knowledge for the economic development, its determining and measuring. It suggests a view on the concept of innovative economic development based on new knowledge. The main specific is that it is nationally specific and it determines priority sectors and products, on which public support for research studies and innovations are focused.

Suggested Citation

  • Rossitsa Chobanova, 2012. "Knowledge and Innovative Development of the Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 5-22.
  • Handle: RePEc:bas:econst:y:2012:i:2:p:5-22

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    References listed on IDEAS

    1. World Bank, 2012. "Going for Smart Growth : Making Research and Innovation Work for Bulgaria," World Bank Other Operational Studies 12896, The World Bank.
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General


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